Jun 8, 2012 –

The company sold its Vertical Cavity Surface Emitting Lasers (VCSEL)-based product lines to Sumitomo Electric Device Innovations USA. The assets that were purchased include fixed assets, inventory, and intellectual property for the VCSEL-based product lines within EMCORE’s fiber optics business unit. This transaction is expected to simplify EMCORE’s operating structure, reduce fixed costs, and improve market focus.